Member Info for MisterPositive

Kiwi,

Think this could make a move Up towards 13p - 14p range within a week or so on strong momentum.

Will probably attract the doom mongers along the way too..........Lol

very decent volume.

close above 50 day MA today should get this stock ready for the 13 - 14p range after breakout was finally confirmed on Friday.

Nice one Zak....

MMs trying to again grab some before afternoon session.

Lunch is over.

Holdings above 3% need to be reported....under TakeOver rules.

Yep. CEO and Directors hold a fair chunk too....so lots of skin in the game. Mike Buck already has Billion barrels discovery to his track record. Think he knows what he is doing and how to get there.

If 10p breaks today, then we could even test 10.53 level today with a little more pressure.

Break 9.79 and you should break 10p. 10.53 would be next.

simpletrading,

My own view is:

With sentiment now switched to the Upside, we should see mini-rallies like +1.5 to +2p daily as even more momentum builds up here.

Profit taking here n there will pull back price, offering more still on sidelines & traders to jump in as price gradually runs up higher daily.

FOMO (fear of missing out) the Upside kicks in also....we all been there, waiting & watching prices fly while we are unable to decide.

Can see +15p next week.

I said it 2 weeks ago, 2nd half of Aug is when this will come ALIVE.

Just my opinion.

just a few of Mike Buck quotes......

* Type of discoveries we are looking at in Blocks IV and V are very large.

* Production from these Blocks could exceed the current production out of PetroChina blocks (21,000 bopd).

I know we are not there yet but:

with estimated 25,000 bopd @ $40 profit / barrel, MATD would be making a profit of +$1m DAILY.

resistance on the hourly has come down to 9.79

as this storms ahead on very decent volume of over 5.3m so far.

Break 9.79 and this could be be sitting at 10.5 in a flash.

All hallmarks now showing to last years Bull run to 38p...

23 Billions is the potential Recoverable amount from just:

STOIIP currently estimated at.......90 Billion barrels.

and EXCLUDES:

another potential 100 Billion barrels from the deeper layers.

So overall recoverable could be well over +50 Billion barrels in my opinion.

This could be a real MONSTER company in a very short space of time.

Massive gains to be had in coming days.

even 10p might look very cheap in a weeks time.

Short term indicators are now all at:

* Strongest, and

* Bullish

Medium term indicators turning to positive also.

first resistance at 9.81 was broken earlier this morning on very good volume.

10p on its way either today or tomorrow morning by the looks.

Sentiment has now switched to the Upside.

Resistance at 10.53p

Once broken.....could zoom to 13.5p (same level just before June placing)

From 88% sell rating last week.....(when price was stuck).

Now only 16% sell rating.

That is a rating swing of +72% points.

Most gains are made during this transition before it hits 100% Buy rating.

Folks on sidelines for Wild Horse would also be coming in early before price runs away further. Snow Leopard Oil strike would push the price even further for both WH punters and the Farminees...to get in. Decisions....!!!

MMs had to grab some. Must have collected quite a few to sell back higher.

9.68 are Buys.